Global Investment Strategy

Three Policy Puts Go Kaput: Downgrade Global Equities To Neutral

June 20 2018

Three macro "policy puts": The Fed put, the China put and the Draghi put, are in jeopardy of disappearing or, at the very least, being repriced. These factors, along with additional risks such as mounting protectionism and stretched valuations, warrant downgrading global risk assets to a more cautious 12-month stance.

Geopolitical Strategy

The 2020 U.S. Election: A “Way Too Soon" Forecast

November 07 2018

A gridlocked government is unlikely to produce major change in economic policy. Midterm elections will not determine Trump's reelection chances, rather the timing of the next recession will. BCA's House View expects it by 2020. Absent a recession, Donald Trump remains the favored candidate for the 2020 presidential election.

The Bank Credit Analyst

The Impact Of Robots On Inflation

January 25 2018

This Special Report tackles the impact of automation. We are optimistic that robot technology and artificial intelligence will significantly boost future productivity, and thus reduce costs. But, is there any evidence at the macro level that robot usage has been more deflationary than technological breakthroughs in the past and is, thus, a major driver of the low inflation rates we observe today across the major countries?